1978 (1978) Fair Value & Analysis

Consumer Cyclical · Market cap HK$228M

1 1978 1978 · HK

PriceHK$0.2850

Fair ValueHK$0.1600

Upside-43.9%

Quality64/100

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Evidence: High Range HK$0.1600 – HK$0.1600

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −3.4% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2600 – HK$0.4100 · the HK$0.2850 price screens above the HK$0.1600 fair value. As of Jul 2, 2026.

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Analysis

1978 (1978) currently trades at HK$0.2850, while our model-based Fair Value estimate is HK$0.1600 — implying the stock looks roughly 43.9% overvalued today. We read business quality at 64/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, 1978 generated revenue of HK$1.1B at a net margin of 0.2%. Revenue grew 1.4% year over year. It earns a return on equity of 0.7%. Net debt stands at HK$128M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.1B

Revenue growth (YoY) +1.4%

Net margin 0.2%

Return on equity 0.7%

Free cash flow HK$137M FY2025

Operating margin 2.4%

More key figures

EPS growth (YoY) -42.9%

Net debt HK$128M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1978 reported revenue of HK$1.1B in FY2025 versus HK$998M in FY2021, a compound +2.1%/yr. Reported net income was HK$1.7M in FY2025, compounding −62.9%/yr from FY2021.

Revenue +2.1%/yr

FY21 HK$998M

FY22 HK$1.1B

FY23 HK$1.3B

FY24 HK$1.1B

FY25 HK$1.1B

Net income −62.9%/yr

FY21 HK$90.1M

FY22 HK$77.7M

FY23 HK$88.1M

FY24 −HK$32.1M

FY25 HK$1.7M

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Similar stocks

6 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
McDonald's Corporation MCD	4,928 MXN	151.27 MXN	-97%
Starbucks Corporation SBUX	C$27.68	C$5.93	-79%
Compass Group CMPGF	$32.63	$24.90	-24%
Chipotle Mexican Grill, Inc CMGS	C$12.49	C$6.55	-48%
Yum! Brands, Inc YUM	$150.87	$71.29	-53%
Restaurant Brands International Inc QSR	$73.20	$42.90	-41%

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Frequently asked questions

Is 1978 (1978) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.1600 versus a price of HK$0.2850 — about −44% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1978?

Our model-based fair value for 1978 is HK$0.1600 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.2850.

What is the quality score of 1978?

1978 has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1978 (1978)?

1978 reported trailing-twelve-month revenue of about HK$1.1B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1978?

The net profit margin of 1978 is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.